Understand the long game

In this episode, Alexandre Tavazzi, Head of CIO Office & Macro Research at Pictet Wealth Management, shares insights from the latest Horizon publication, which explores the next decade's market assumptions and megatrends shaping portfolio growth. 

A central theme in Horizon is the retreat from globalisation, as nations increasingly weaponise their resources—whether minerals, energy, or financial leverage. This shift marks a transition from a multilateral to a fragmented, bilateral world, with significant implications for global efficiency, trade, and cooperation.

The unravelling of globalisation compels companies to rethink supply chains, navigate tariffs, and establish contingency plans, all of which increase operational complexity and costs. Combined with resource scarcity, these adjustments are driving structural inflation and reshaping the economic landscape. As central banks, including the Federal Reserve, strive to balance interest rates and inflation, the world faces a more expensive and less efficient future. This evolving environment underscores the importance of strategic foresight in navigating these challenges.

Listen to the podcast to learn more about:

• Understand the long game:
  Learn how medium and long-term thinking anchors portfolio resilience.
• ​Decode structural shifts:
  From inflation and demographics to deglobalisation, find out what really drives returns.​
• See beyond the US lens:
  Explore diversification opportunities in Europe and Asia.​
• Rethink risk: 
  Discover why inflation, tariffs, and supply chain realignment may redefine asset classes.​
• Invest with conviction:
  Learn how to position your portfolio for stability in a fractured, transactional world.

About WealthBT Podcast

Learn to protect and grow your wealth in this podcast series for affluent individuals, hosted by The Business Times wealth editor Genevieve Cua and Pictet experts in selected episodes.

Listen to more episodes with Pictet experts